How LedgerQ Automated Financial Statement Preparation for Private Equity Funds
January 21, 2026
Customer Story
Here is how LedgerQ helped an accounting team specialized in private equity funds automate their financial statement preparation process and reduce manual work across Excel and Word.
Customer Industry: Private Equity
Accounting system: Sage
Team size: 8 accountants
Problem
The team prepared financial statements using Excel working papers and Word documents. This setup created recurring issues:
Updates made in Excel tables were not automatically reflected in the Word financial statements.
Tables had to be manually reformatted in Word to meet fund-specific presentation standards.
Auditor comments received during review were applied manually, increasing the risk of missed or inconsistent changes.
As a result, preparing final financial statements was time-consuming and error-prone.
Auditor's comments applied automatically.
LedgerQ ingests auditors’ comments directly from annotated PDFs and automatically updates the financial statements in Word, saving my team hours of manual work.
Jade Leroy, Head of Fund Accounting
Solution
Automated linking between Excel and Word
LedgerQ created a direct link between Excel tables and Word financial statements. Any update in Excel was automatically reflected in the Word document.
Standardized, automated formatting
LedgerQ applied predefined formatting rules based on the specific family of financial statements, ensuring consistent layout, headings, and table structure without manual adjustments.
Automatic handling of auditor comments
LedgerQ analyzed auditor comments from annotated PDFs and automatically applied the required changes to the Word financial statements using track changes. This ensured all comments were reflected accurately and transparently.
Want to automate the financial statement preparation process?
Our platform helps teams automate the preparation of financial statements - from Excel data to ready-to-file reports.